Well completion is a process of making a drilled well ready for production. Well completion equipment reduces installation time, costs, and risks. Well completion services involve casing, perforating, cementing, gravel packing, and installation of a production tree. The level of production, changes, and problems in well can be determined using well completion services. It also plays a vital role in decreasing formation damage, reducing operational cost, and increasing production.
Development of new well and oil fields and growing investments in exploration & production of well are factors driving the growth of the African well completion equipment and services market. However, strict government regulations and environmental constraints are factors obstructing the growth of the market. Focus on deep-water drilling and increasing investments present opportunities for growth in the market.
The African well completion equipment and services market is segmented based on types and countries. The types covered in the report include packers, sand control tools, linear hangers, multi-stage frac tools, smart wells, safety valves, and others. Geographically, the market is divided into counties, such as Angola, Nigeria, Egypt, and Libya.
The prominent manufacturers operating in the market are Weatherford International PLC, Superior Energy Services Inc., Baker Hughes Inc., Schlumberger, and Halliburton. They adopted various strategies, such as new product launches, expansions and partnerships, agreements, joint ventures, and others to strengthen their position in the market.
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